Utilization of Wood Waste as a fuel resource
2,00,000 KL of Rainwater Harvesting
3,11,47,708 saplings were distributed
Covered 26,600 acres of land
FSC Certified and 100% Agro Forestry
50% women hired in our corporate function
484.59 lakh – Total spending on CSR
No complaints on human rights issues
All the units are ISO:45001 certified
ZERO corruption related incidents
Greenpanel has been awarded
Green Pro Certification
We are pleased to release our Sustainability Report, reflecting significant progress in the MDF industry amid global challenges. The global MDF market, valued at USD 25.8 billion in 2023, is projected to grow at a CAGR of 5.9%, reaching USD 43.5 billion by 2032. This growth is driven by increased construction activities, rising demand for residential and commercial spaces, and a preference for value-added MDF products. While challenges such as delays in BIS rule implementation, rising raw material costs, and timber scarcity persist, innovations in fire- and moisture-resistant MDF and environmental awareness present growth opportunities.
Greenpanel has remained resilient, addressing challenges through strategic price reductions, sales schemes, and the advancement of our MDF Line 3 project in Andhra Pradesh to enhance production capacity. Our innovations, including producing India’s thinnest MDF and new OEM products, reinforce our market leadership.
Materiality Assessment exercise aims to evaluate the risks and opportunities that come our way around Environmental, Social and Governance (ESG) parameters. It is also an essential input for long term and short term planning. The importance of the material topics to stakeholders and its significance to our business is the key factors in conducting materiality analysis. This analysis then serves as the foundation for identifying, handling, and developing precise action plans to address these issues. The steps adopted for conducting Greenpanel’s materiality assessment are described below:
Local 
Manufacturing 
Local 
Employees
Investors
Lenders
Customers
Suppliers
Regulatory 
Chairman’s Message
We are pleased to release our Sustainability Report, reflecting significant progress in the MDF industry amid global challenges. The global MDF market, valued at USD 25.8 billion in 2023, is projected to grow at a CAGR of 5.9%, reaching USD 43.5 billion by 2032. This growth is driven by increased construction activities, rising demand for residential and commercial spaces, and a preference for value-added MDF products. While challenges such as delays in BIS rule implementation, rising raw material costs, and timber scarcity persist, innovations in fire- and moisture-resistant MDF and environmental awareness present growth opportunities.
Greenpanel has remained resilient, addressing challenges through strategic price reductions, sales schemes, and the advancement of our MDF Line 3 project in Andhra Pradesh to enhance production capacity. Our innovations, including producing India’s thinnest MDF and new OEM products, reinforce our market leadership.
As India’s largest MDF manufacturer, we focus on delivering customized, high-value solutions while investing in advanced technology to meet increasing demand. Our ESG initiatives prioritize resource efficiency, employee well-being, and product stewardship. With 100% agroforestry-based timber procurement, “GreenPro Ecolabel” certification, and a robust safety culture targeting zero accidents, we are committed to sustainability and community well-being.
We extend our heartfelt gratitude to our colleagues, customers, partners, suppliers, and shareholders for their unwavering support and collaboration as we continue our journey toward responsible growth.
